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LSI Logic Corp. reported a surprise $35.7 million third-quarter net loss, including a special restructuring 
charge that reflects a continuing industry-wide slowdown in semiconductor demand. In September, the custom-chip 
maker said excess capacity and lagging billings would result in an estimated $2 million to $3 million net loss 
for the third quarter. But company officials said yesterday that they decided to take a $43 million pretax 
charge for the period to cover a restructuring of world-wide manufacturing operations, citing extended weakness 
in the market as well as a decision to switch to more economical production techniques. `` Over the summer months,
there has been a slowing in the rate of new orders from the computer sector, our primary market, '' said Wilfred
J. Corrigan, chairman and chief executive officer. `` In addition, recent industry forecasts for 1990 indicate a 
slow environment, at least until midyear. '' As a result, the company said it decided to phase out its oldest 
capacity and `` make appropriate reductions '' in operating expenses. The $35.7 million net loss equals 86 cents 
a share. Not counting the extraordinary charge, the company said it would have had a net loss of $3.1 million, 
or seven cents a share. A year earlier, it had profit of $7.5 million, or 18 cents a share. Revenue rose 42 % to 
$133.7 million from $94 million. The charge partly reflects a switch from older five-inch to more-efficient 
six-inch silicon wafers with which to fabricate chips. Related to that decision, the company said it was 
converting its Santa Clara, Calif., factory to a research and development facility. A spokesman declined to 
speculate about possible reductions in force. `` This is a company that has invested in capacity additions more 
aggressively than any other company in the industry and now the industry is growing more slowly and they are 
suddenly poorly positioned, '' said Michael Stark, chip analyst at Robertson, Stephens &amp; Co. `` I think the 
stock is dead money for a while. '' Yesterday's announcement was made after markets closed. U.S. chip makers are 
facing continued slack demand following a traditionally slow summer. Part of the problem is that chip buyers are 
keeping inventories low because of jitters about the course of the U.S. economy.
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    <desc id="2" len="3" off="0">LSI</desc>
    <desc id="4" len="5" off="4">Logic</desc>
    <desc id="6" len="5" off="10">Corp.</desc>
    <desc id="8" len="8" off="16">reported</desc>
    <desc id="10" len="1" off="25">a</desc>
    <desc id="12" len="8" off="27">surprise</desc>
    <desc id="14" len="1" off="36">$</desc>
    <desc id="16" len="4" off="37">35.7</desc>
    <desc id="18" len="7" off="42">million</desc>
    <desc id="20" len="13" off="50">third-quarter</desc>
    <desc id="22" len="3" off="64">net</desc>
    <desc id="24" len="4" off="68">loss</desc>
    <desc id="26" len="1" off="72">,</desc>
    <desc id="28" len="9" off="74">including</desc>
    <desc id="30" len="1" off="84">a</desc>
    <desc id="32" len="7" off="86">special</desc>
    <desc id="34" len="13" off="94">restructuring</desc>
    <desc id="36" len="6" off="109">charge</desc>
    <desc id="38" len="4" off="116">that</desc>
    <desc id="40" len="8" off="121">reflects</desc>
    <desc id="42" len="1" off="130">a</desc>
    <desc id="44" len="10" off="132">continuing</desc>
    <desc id="46" len="13" off="143">industry-wide</desc>
    <desc id="48" len="8" off="157">slowdown</desc>
    <desc id="50" len="2" off="166">in</desc>
    <desc id="52" len="13" off="169">semiconductor</desc>
    <desc id="54" len="6" off="183">demand</desc>
    <desc id="56" len="1" off="189">.</desc>
    <desc id="59" len="2" off="191">In</desc>
    <desc id="61" len="9" off="194">September</desc>
    <desc id="63" len="1" off="203">,</desc>
    <desc id="65" len="3" off="205">the</desc>
    <desc id="67" len="11" off="209">custom-chip</desc>
    <desc id="69" len="5" off="222">maker</desc>
    <desc id="71" len="4" off="228">said</desc>
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    <desc id="77" len="3" off="249">and</desc>
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    <desc id="89" len="2" off="286">an</desc>
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    <desc id="95" len="1" off="300">2</desc>
    <desc id="97" len="7" off="302">million</desc>
    <desc id="99" len="2" off="310">to</desc>
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    <desc id="103" len="1" off="314">3</desc>
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    <desc id="107" len="3" off="324">net</desc>
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    <desc id="804" len="6" off="2141">demand</desc>
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    <desc id="823" len="3" off="2195">the</desc>
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    <desc id="857" len="3" off="2295">the</desc>
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    <desc id="1466" len="15" off="0">2~4~6</desc>
    <desc id="1467" len="47" off="25">10~12~14~16~18~20~22~24</desc>
    <desc id="1468" len="13" off="50">20</desc>
    <desc id="1469" len="31" off="84">30~32~34~36</desc>
    <desc id="1470" len="59" off="130">42~44~46~48~50~52~54</desc>
    <desc id="1471" len="20" off="169">52~54</desc>
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    <desc id="1473" len="22" off="205">65~67~69</desc>
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    <desc id="1475" len="16" off="253">79~81</desc>
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    <desc id="1477" len="17" off="338">113~115~117</desc>
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    <desc id="1479" len="9" off="384">130</desc>
    <desc id="1480" len="4" off="399">134</desc>
    <desc id="1481" len="28" off="420">142~144~146~148~150~152</desc>
    <desc id="1482" len="10" off="453">156~158</desc>
    <desc id="1483" len="54" off="473">164~166~168~170~172~174</desc>
    <desc id="1484" len="32" off="536">180~182~184~186~188</desc>
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    <desc id="1486" len="17" off="651">221~223~225</desc>
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    <desc id="1491" len="8" off="840">298</desc>
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    <desc id="1494" len="19" off="894">314~316~318</desc>
    <desc id="1495" len="22" off="915">322~324~326~328</desc>
    <desc id="1496" len="8" off="945">337~339</desc>
    <desc id="1497" len="11" off="955">343~345</desc>
    <desc id="1498" len="2" off="972">349</desc>
    <desc id="1499" len="3" off="996">359</desc>
    <desc id="1500" len="20" off="996">359~361~363</desc>
    <desc id="1501" len="22" off="1029">371~373</desc>
    <desc id="1502" len="18" off="1058">379~381</desc>
    <desc id="1503" len="26" off="1078">386~388~390~392~394~396</desc>
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    <desc id="1505" len="24" off="1144">415~417~419</desc>
    <desc id="1506" len="11" off="1170">423~425</desc>
    <desc id="1507" len="2" off="1187">429</desc>
    <desc id="1508" len="26" off="1205">437~439~441~443~445~447~449</desc>
    <desc id="1509" len="19" off="1237">455~457~459~461</desc>
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    <desc id="1511" len="2" off="1274">474</desc>
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    <desc id="1514" len="7" off="1326">503</desc>
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    <desc id="1516" len="31" off="1348">513~515~517~519~521~523~525</desc>
    <desc id="1517" len="10" off="1381">530~532</desc>
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    <desc id="1519" len="5" off="1505">566</desc>
    <desc id="1520" len="13" off="1523">575~577</desc>
    <desc id="1521" len="11" off="1538">581~583</desc>
    <desc id="1522" len="2" off="1555">587</desc>
    <desc id="1523" len="3" off="1574">593</desc>
    <desc id="1524" len="32" off="1574">593~595~597~599~601~603~605</desc>
    <desc id="1525" len="19" off="1578">595~597~599~601</desc>
    <desc id="1526" len="35" off="1610">609~611~613~615~617</desc>
    <desc id="1527" len="11" off="1647">622~624</desc>
    <desc id="1528" len="28" off="1688">634~636~638~640</desc>
    <desc id="1529" len="4" off="1721">647</desc>
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    <desc id="1535" len="4" off="1885">703</desc>
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    <desc id="1537" len="24" off="1962">731~733~735~737~739</desc>
    <desc id="1538" len="1" off="1991">746</desc>
    <desc id="1539" len="10" off="1999">750~752</desc>
    <desc id="1540" len="22" off="2013">756~758~760~762~764</desc>
    <desc id="1541" len="9" off="2040">771</desc>
    <desc id="1542" len="24" off="2040">771~773~775</desc>
    <desc id="1543" len="7" off="2080">783</desc>
    <desc id="1544" len="4" off="2096">790</desc>
    <desc id="1545" len="16" off="2096">790~792~794</desc>
    <desc id="1546" len="22" off="2125">800~802~804</desc>
    <desc id="1547" len="27" off="2158">808~810~812~814</desc>
    <desc id="1548" len="19" off="2187">819~821~823~825</desc>
    <desc id="1549" len="11" off="2215">831~833</desc>
    <desc id="1550" len="11" off="2240">839</desc>
    <desc id="1551" len="44" off="2267">847~849~851~853~855~857~859~861</desc>
    <desc id="1552" len="16" off="2295">857~859~861</desc>
    <desc id="1553" len="4" off="2299">859</desc>
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  <rep id="edu.mit.discourse.rep.coref">
    <desc id="1554" len="1889" off="0">LSI Logic Corp.|1466,1473,1489,1497,1498,1499,1506,1507,1511,1521,1522,1523,1529,1530,1535</desc>
    <desc id="1555" len="1079" off="25">a surprise $35.7 million third-quarter net loss|1467,1503</desc>
    <desc id="1556" len="413" off="50">the third quarter|1468,1477,1482</desc>
    <desc id="1557" len="1307" off="84">a special restructuring charge|1469,1505,1517</desc>
    <desc id="1558" len="59" off="130">a continuing industry-wide slowdown in semiconductor demand|1470</desc>
    <desc id="1559" len="20" off="169">semiconductor demand|1471</desc>
    <desc id="1560" len="9" off="194">September|1472</desc>
    <desc id="1561" len="15" off="233">excess capacity|1474</desc>
    <desc id="1562" len="16" off="253">lagging billings|1475</desc>
    <desc id="1563" len="46" off="286">an estimated $2 million to $3 million net loss|1476</desc>
    <desc id="1564" len="42" off="361">company officials|1478,1480</desc>
    <desc id="1565" len="1665" off="384">yesterday|1479,1541</desc>
    <desc id="1566" len="28" off="420">a $43 million pretax charge|1481</desc>
    <desc id="1567" len="54" off="473">a restructuring of world-wide manufacturing operations|1483</desc>
    <desc id="1568" len="32" off="536">extended weakness in the market|1484</desc>
    <desc id="1569" len="61" off="580">a decision to switch to more economical production techniques|1485</desc>
    <desc id="1570" len="17" off="651">the summer months|1486</desc>
    <desc id="1571" len="60" off="685">a slowing in the rate of new orders from the computer sector|1487</desc>
    <desc id="1572" len="39" off="726">the computer sector|1488</desc>
    <desc id="1573" len="57" off="775">Wilfred J. Corrigan|1490</desc>
    <desc id="1574" len="8" off="840">addition|1491</desc>
    <desc id="1575" len="34" off="850">recent industry forecasts for 1990|1492</desc>
    <desc id="1576" len="4" off="880">1990|1493</desc>
    <desc id="1577" len="19" off="894">a slow environment|1494</desc>
    <desc id="1578" len="22" off="915">at least until midyear|1495</desc>
    <desc id="1579" len="8" off="945">a result|1496</desc>
    <desc id="1580" len="20" off="996">its oldest capacity|1500</desc>
    <desc id="1581" len="22" off="1029">appropriate reductions|1501</desc>
    <desc id="1582" len="18" off="1058">operating expenses|1502</desc>
    <desc id="1583" len="17" off="1112">86 cents a share|1504</desc>
    <desc id="1584" len="26" off="1205">a net loss of $3.1 million|1508</desc>
    <desc id="1585" len="19" off="1237">seven cents a share|1509</desc>
    <desc id="1586" len="14" off="1258">A year earlier|1510</desc>
    <desc id="1587" len="22" off="1281">profit of $7.5 million|1512</desc>
    <desc id="1588" len="16" off="1308">18 cents a share|1513</desc>
    <desc id="1589" len="7" off="1326">Revenue|1514</desc>
    <desc id="1590" len="4" off="1339">42 %|1515</desc>
    <desc id="1591" len="31" off="1348">$133.7 million from $94 million|1516</desc>
    <desc id="1592" len="128" off="1408">a switch from older five-inch to more-efficient six-inch silicon wafers|1518,1520</desc>
    <desc id="1593" len="5" off="1505">chips|1519</desc>
    <desc id="1594" len="32" off="1574">its Santa Clara, Calif., factory|1524</desc>
    <desc id="1595" len="19" off="1578">Santa Clara, Calif.|1525</desc>
    <desc id="1596" len="35" off="1610">a research and development facility|1526</desc>
    <desc id="1597" len="11" off="1647">A spokesman|1527</desc>
    <desc id="1598" len="28" off="1688">possible reductions in force|1528</desc>
    <desc id="1599" len="18" off="1760">capacity additions|1531</desc>
    <desc id="1600" len="33" off="1803">any other company in the industry|1532</desc>
    <desc id="1601" len="33" off="1824">the industry|1533,1534</desc>
    <desc id="1602" len="61" off="1931">Michael Stark|1536,1538</desc>
    <desc id="1603" len="24" off="1962">Robertson, Stephens &amp; Co|1537</desc>
    <desc id="1604" len="10" off="1999">the stock|1539</desc>
    <desc id="1605" len="22" off="2013">dead money for a while|1540</desc>
    <desc id="1606" len="24" off="2040">Yesterday's announcement|1542</desc>
    <desc id="1607" len="7" off="2080">markets|1543</desc>
    <desc id="1608" len="16" off="2096">U.S. chip makers|1545</desc>
    <desc id="1609" len="207" off="2096">U.S.|1544,1553</desc>
    <desc id="1610" len="22" off="2125">continued slack demand|1546</desc>
    <desc id="1611" len="27" off="2158">a traditionally slow summer|1547</desc>
    <desc id="1612" len="19" off="2187">Part of the problem|1548</desc>
    <desc id="1613" len="11" off="2215">chip buyers|1549</desc>
    <desc id="1614" len="11" off="2240">inventories|1550</desc>
    <desc id="1615" len="44" off="2267">jitters about the course of the U.S. economy|1551</desc>
    <desc id="1616" len="16" off="2295">the U.S. economy|1552</desc>
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    <desc id="1631" len="4" off="399">1480|NUC:DIST:134</desc>
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    <desc id="1663" len="22" off="1281">1512|NUC:DIST:478|MOD:DIST:480~482~484~486</desc>
    <desc id="1664" len="16" off="1308">1513|MOD:DIST:492|NUC:DIST:494|MOD:DIST:496~498</desc>
    <desc id="1665" len="7" off="1326">1514|NUC:DIST:503</desc>
    <desc id="1666" len="4" off="1339">1515|NUC:DIST:507~509</desc>
    <desc id="1667" len="31" off="1348">1516|NUC:DIST:513~515~517|MOD:DIST:519~521~523~525</desc>
    <desc id="1668" len="10" off="1381">1517|MOD:DIST:530|NUC:DIST:532</desc>
    <desc id="1669" len="72" off="1408">1518|MOD:DIST:538|NUC:DIST:540|MOD:DIST:542~544~546~548~550~552~554~556</desc>
    <desc id="1670" len="5" off="1505">1519|NUC:DIST:566</desc>
    <desc id="1671" len="13" off="1523">1520|MOD:DIST:575|NUC:DIST:577</desc>
    <desc id="1672" len="11" off="1538">1521|MOD:DIST:581|NUC:DIST:583</desc>
    <desc id="1673" len="2" off="1555">1522|NUC:DIST:587</desc>
    <desc id="1674" len="3" off="1574">1523|NUC:DIST:593</desc>
    <desc id="1675" len="32" off="1574">1524|MOD:DIST:593|MOD:DIST:595~597~599~601|NUC:DIST:605</desc>
    <desc id="1676" len="19" off="1578">1525|NUC:DIST:595~597|MOD:DIST:601</desc>
    <desc id="1677" len="35" off="1610">1526|MOD:DIST:609|MOD:DIST:611~613~615|NUC:DIST:617</desc>
    <desc id="1678" len="11" off="1647">1527|MOD:DIST:622|NUC:DIST:624</desc>
    <desc id="1679" len="28" off="1688">1528|MOD:DESC:634|NUC:DIST:636|MOD:DIST:638~640</desc>
    <desc id="1680" len="4" off="1721">1529|NUC:DIST:647</desc>
    <desc id="1681" len="9" off="1729">1530|MOD:DIST:651|NUC:DIST:653</desc>
    <desc id="1682" len="18" off="1760">1531|MOD:DIST:663|NUC:DIST:665</desc>
    <desc id="1683" len="33" off="1803">1532|MOD:DIST:673|MOD:DESC:675|NUC:DIST:677|MOD:DIST:679~681~683</desc>
    <desc id="1684" len="12" off="1824">1533|MOD:DIST:681|NUC:DIST:683</desc>
    <desc id="1685" len="12" off="1845">1534|MOD:DIST:689|NUC:DIST:691</desc>
    <desc id="1686" len="4" off="1885">1535|NUC:DIST:703</desc>
    <desc id="1687" len="55" off="1931">1536|NUC:DIST:719~721|MOD:DESC:725~727~729~731~733~735~737~739</desc>
    <desc id="1688" len="24" off="1962">1537|NUC:DIST:731~733~735~737~739</desc>
    <desc id="1689" len="1" off="1991">1538|NUC:DIST:746</desc>
    <desc id="1690" len="10" off="1999">1539|MOD:DIST:750|NUC:DIST:752</desc>
    <desc id="1691" len="22" off="2013">1540|MOD:DESC:756|NUC:DIST:758|MOD:DIST:760~762~764</desc>
    <desc id="1692" len="9" off="2040">1541|NUC:DIST:771</desc>
    <desc id="1693" len="24" off="2040">1542|MOD:DIST:771~773|NUC:DIST:775</desc>
    <desc id="1694" len="7" off="2080">1543|NUC:DIST:783</desc>
    <desc id="1695" len="4" off="2096">1544|NUC:DIST:790</desc>
    <desc id="1696" len="16" off="2096">1545|MOD:DESC:790|MOD:DIST:792|NUC:DIST:794</desc>
    <desc id="1697" len="22" off="2125">1546|MOD:DIST:800|MOD:DIST:802|NUC:DIST:804</desc>
    <desc id="1698" len="27" off="2158">1547|MOD:DIST:808|MOD:DESC:810~812|NUC:DIST:814</desc>
    <desc id="1699" len="19" off="2187">1548|MOD:DIST:819~821|MOD:DIST:823|NUC:DIST:825</desc>
    <desc id="1700" len="11" off="2215">1549|MOD:DIST:831|NUC:DIST:833</desc>
    <desc id="1701" len="11" off="2240">1550|NUC:DIST:839</desc>
    <desc id="1702" len="44" off="2267">1551|NUC:DESC:847|MOD:DIST:849~851~853~855~857~859~861</desc>
    <desc id="1703" len="16" off="2295">1552|MOD:DIST:857|MOD:DESC:859|NUC:DIST:861</desc>
    <desc id="1704" len="4" off="2299">1553|NUC:DIST:859</desc>
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</story>
